New Delhi, Feb. 14 -- 2025 may not be a great year for pay hikes-consulting firms expect salary revisions in corporate India to be lower than what companies offered last year. Why have Indian firms turned cautious in doling out annual raises this year? Mint explains:

Consulting firm Aon estimates corporate employers to offer an average hike that will be lower than last year's raise of 9.3%. Its peer Mercer's Annual Total Remuneration Survey predicts a 9.4% overall salary uptick across industries in India for 2025 versus an estimated 10% last year. Even the top performers have little to rejoice since firms will scrutinize them more before offering a better raise. According to consultants, when the absolute pay levels were lower, the perce...